The Opportunity Zone program is a new investment vehicle created under a provision of the Tax Cuts and Jobs Act of December 2017. The program was developed to encourage investors to invest funds in economically distressed communities thereby stimulating economic development in these areas. When certain funds are invested in these communities, known as Qualified …
by Eddie Wilson, CEO of Affinity Worldwide, overseeing our 80+ companies that span the Real Estate Investment Industry. In mid-2015, New York City made headlines for hosting two condominium developments offering, in addition to a variety of ultra-luxurious amenities, the extremely rare bonus feature of on-site parking. The price tag attached to what DNAinfo referred to at the …
How The Headlines Could Cause A Housing Market Crash Read More »
Mortgage fraud climbed 12.4 percent year over year in the second quarter of 2018, and about one out of every 109 mortgage applications has been found to contain false or misleading information, according to real estate data firm CoreLogic. Fraud is most common in conforming mortgages with loan-to-value ratios of 80 percent or less, according …
East Coast cities won first and second place rankings as the safest cities in America, according to a Monday WalletHub study. Columbia, Maryland, and South Burlington, Vermont, rank as America’s two safest cities, respectively, according to the study. Plano, Texas, and Virginia Beach, Virginia, followed as the third and fourth safest cities in the U.S., respectively, …
These Are America’s Safest Cities — Interactive Map Read More »
The Internal Revenue Service today reminded taxpayers that like-kind exchange tax treatment is now generally limited to exchanges of real property. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business and individual in 2018 and the years ahead. Effective Jan. 1, 2018, exchanges of …
Like-kind exchanges now limited to real property Read More »
Federal agencies have proposed a plan to reduce the number of homes that require an in-person appraisal, hoping to speed up the closing process and save money for home buyers and borrowers looking to refinance. Under the proposal in-person appraisals would be necessary only for homes valued at $400,000 or more. Currently, that threshold is …
Top 5 States New Jersey 1 in every 753 Delaware 1 in every 902 Maryland 1 in every 1045 Illinois 1 in every 1098 Nevada 1 in every 1207 Source: https://www.realtytrac.com/statsandtrends/foreclosuretrends/
Courtesy of LoanMLS.com which gives you the power to connect with over 20,000 loan professionals and investors – all interested in buying, selling and investing in existing loans, pools or new loan originations. After seeing a spike in September, mortgage delinquencies declined 8.2 percent in October and nearly 18 percent from the same period last year, …
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I’m not involved in this, but having read Mr. Griffin’s eye-opening book The Creature from Jekyll Island; A Second Look at the Federal Reserve I recommend this to you: An Internet live-stream event, December 8 & 9 LOOKING TO THE PAST by G. Edward Griffin During the early 1990s, when I was immersed in writing …
If you have the courage, I will show you the future of money Read More »
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